Deal inked for Alghadeer Phase Two
01 December 2018
Aldar Properties, a leading property developer in Abu Dhabi, has signed up Al Rakha Contracting & General Transport to complete the infrastructure buildings and early works package for the first neighbourhood in Phase Two of its Dh10-billion ($2.72 billion) Alghadeer project, located close to the border of Abu Dhabi and Dubai.
A mega development, Alghadeer offers an unparalleled opportunity to benefit from living between the cities of Abu Dhabi and Dubai.
As per the Dh335-million ($91 million) deal, Al Rakha Contracting & General Transport will construct 707 maisonettes, townhouses and villas following the site preparation work.
This neighbourhood is located in the northwest section of the masterplan, which features over 14,000 homes, commercial properties, cultural and institutional amenities and entertainment attractions to be built over the coming 15 years, stated Aldar.
CEO Talal Al Dhiyebi said: “From its location at the centre of the UAE, Alghadeer offers residents a peaceful community with sustainable living initiatives within close proximity to both Abu Dhabi and Dubai.”
At the heart of the giant project will be Harvest, a multi-use agricultural led space featuring allotments, as well as The Hub – a F&B (food and beverage) outlet; The Studio – an educational area for training and workshops; The Shed – a dedicated area for purchasing farming tools and supplies; The Market – a retail area for freshly grown produce; and The Field – where people can rent plots and grow their own produce.
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- In Brief
